The Dow Jones shed 400 points on Thursday, falling 1.45%. US PPI inflation hit a soft patch, further easing fears of an inflation reignition. Despite easing price pressures, equities still took a hit as Trump threatens more tariffs. The Dow Jones Industrial Average (DJIA) fell some 400 points on Thursday, declining around one full percent after United […]
Dollar is staging a notable rebound as markets transition into US session, though the exact catalyst behind the move is unclear. Part of Dollar’s strength could be attributed to a broad pullback in Euro, as traders begin to take profits after this month’s strong gain. Euro’s retreat is providing the greenback with some temporary relief.
USDCAD technicals USDCAD has experienced choppy price action today, with support holding above the 50% retracement level of thethe move up from the February 2025 low at 1.4345. On the upside, resistance remains firm between the 100-hour and 200-hour moving averages (1.4387–1.4403). A breakout above these MAs would shift the bias higher, while staying below
2025.03.13 2025.03.13 What Is the Arms Index (TRIN), and How Do You Calculate It? Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ The Arms Index (TRIN) is a tool that analyzes the market by looking at the number of advancing and declining stocks, and their trading volume. Based on this analysis, you can build an efficient short-term trading strategy for stock
The Canadian dollar is steady on Thursday. In the European session, USD/CAD is trading at 1.4379, up 0.06% on the day. Bank of Canada lowers rates to 2.75% There was no surprise from the Bank of Canada, which lowered rates by a quarter-point, bringing the cash rate to 2.75% and giving a boost to the
New CME venue aims to provide easier access to FX futures liquidity, but some worry about its stability in choppy markets Source link
The People’s Bank of China (PBOC) said on Thursday that they “will cut interest rates and Reserve Requirement Ratio (RRR) at a proper time.” Additional takeaways Will keep liquidity ample. Will guide social financing cost to lower. Will strenghthen expectation guidance, maintain yuan exchange rate basically stable at a reasonable and balanced level. Market reaction
Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions
The USD/CAD forecast shows a weaker dollar. Data in the previous session revealed softer-than-expected US consumer inflation. The Bank of Canada cut interest rates by 25-bps on Wednesday, as expected. The USD/CAD forecast shows increased bearish momentum after downbeat US inflation data. At the same time, the Canadian dollar strengthened after a cautious tone during
Forex markets are holding steady in Asian session today, with major currency pairs and crosses all confined within yesterday’s ranges. This lack of movement comes despite a significant escalation in the US-led trade war, as newly effective 25% tariffs on all imported steel and aluminum products have prompted swift retaliation from key trading partners. In
In Asia, Japan’s benchmark Nikkei index was up around 1.4% at the highs earlier today but have now pared gains to be up by just 0.2%. This comes as US futures are also slumping with tech shares on the backfoot after having led the bounce yesterday. S&P 500 futures are down 0.4% with Nasdaq futures
NZD/USD gains traction to around 0.5740 in Thursday’s early Asian session. Trump’s unpredictable announcements on tariffs undermine the US Dollar. China’s deflationary pressures might cap the upside for China-proxy Kiwi. The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD). The US Producer
Bank of Japan Governor Ueda was on the wires yesterday re rising JGB yields Bank of Japan Governor Ueda says higher long term rates reflecting market views on economy BOJ governor Ueda: Underlying inflation still remains below 2% Bloomberg had a piece up subsequently saying Bank of Japan officials see several reasons against intervening in
Brent crude prices are rising due to lower-than-expected U.S. oil and fuel supplies and revised EIA forecasts for smaller oil surpluses in 2025 and 2026. Libya has restarted oil production at the Mabruk field, aiming to increase output significantly, while Kuwait also plans to boost its production. OPEC expects strong global oil demand growth in
